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upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be watching. >> everyone is kind of in a wait-and-see and fingers-crossed per expect tichb right now. >> since 1930 this is only the fifth time congress has worked after christmas. and today's summit is the first time president obama has met face to face with congressional leaders since mid-november. duarte, tick tock. >> thank you. >>> general schwarzkopf is being remembered this morning as a great hero and tactician.
. the average american household would see their tax bill go up nearly $3,500. this evening, president obama telling congress, the american people are watching what we're doing here. he appeared in the briefing room a short time ago. let's go right to jon carl tonight. good evening. >> reporter: good evening, david. there are finally signs of life here in washington. after meeting with congressional leaders here at the white house, the president pronounced himself modestly optimistic that a bipartisan agreement can finally be struck that would prevent taxes from going up on virtually everybody in just four days. after meeting with the congressional leaders, the president said there would be one more effort to come to a bipartisan agreement to avoid the fiscal cliff. >> the hour for immediate action is here. it is now. and the american people are not going to have any patience for a politically, self-inflicted wound to our economy. >> reporter: there are signs of progress. mitch mcconnell and harry reid have agreed to spend the next 24 hours trying to come to a bipartisan agreement on a small
on taxes. speaking in the white house briefing room, president obama condemned congress for failing to resolve its differences in any normal way. >> christin, let's take a listen to what the president said about the up or down vote about what he expects to emerge from the senate. >> i just had a good and constructive discussion here at the white house with senate and house leadership about how to prevent this tax hike on the middle class. i'm optimistic. if an agreement isn't reached in time, between senate store reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up or down vote. i believe such a proposal could pass with bipartisan majorities. >> this up or down vote seems to be the big news of the day. isn't this what the white house wanted all along? >> well, it is. it's president's obama's way of sayi ining vote on his basic proposal. it would extend in employment insurance ben filt fits and deal with unemployment insurance cuts. >> so the question is, could they actually get that many republicans to vote for this package that t
obama and congress will reach a deal in time but that number has dropped in the past week. president obama plans to cut short his family vacation in hawaii leaving for washington late tonight. yesterday, he spoke to troops at a marine corps base in hawaii. >> on behalf of michelle and myself and our whole family we do this every year. this is where i was born so we come back for the holidays but one of our favorite things is always coming to the base on christmas day and having a chance just to meet you, those of you who have families here and to say thank you for the extraordinary work and service that you guys do each and every day. >> chip reid is in washington with more on the budget talks. chip, good morning. >> good morning, rebecca. as you mentioned, the president plans to cut short his vacation in hawaii and fly back to the white house later tonight, arriving about noon thursday. here in washington there has been no communication between republicans and democrats about how to avoid going over the cliff. before the christmas break speaker john boehner
of the obama administration. she tangled with congress and even the white house itself, particularly on global warming issues. >>> the other big story tonight, a deadly storm continues to wreak havoc in the northeast this hour. and before it's even over, another storm is already forming with now 65% of the country still covered in snow. the weather channel's eric fisher is in lewiston, maine. good evening to you, eric. >> good evening, natalie. 16 people have been killed by this latest winter storm that brought everything from tornadoes to coastal flooding, hurricane-force wind gusts and nearly 2 feet of snow. certainly has brought plenty of misery for people from texas to maine. today a massive storm moved north, dumping more than a foot of snow in parts of new england. it's been a record-breaking system as it moved across the country. >> look at that tornado. >> spawning a reported 26 tornadoes across the south. and flooding along the already hard-hit east coast. the results? a travel nightmare for millions. >> we circled for over an hour before we landed, yeah. pretty rough flight coming in
'm not sure what happens at that point. it depends on what the markets do. we'll say this. president obama doesn't have to worry as much as the members of congress do because he's not on the ballot again. >> but if there's a second recession, doesn't that kill his second term? >> i hear republicans and democrats and obama want to come together on middle class rates. i think they'll make a deal in early january to extend some part. >> but are you saying this doesn't really hurt? if they go sometime next friday, nine days from now, will the market go down and come up or will it plunge? >> the republicans want to cut a deal before the cliff. >> i know that. but if this thing goes over the cliff, will there be term innocent damage to the economy like a new recession? >> republicans tell me they think if they can make a deal on rates early january the markets will fluctuate. >> i am hearing the markets have already reacted. >> for a couple days. couple days. >> yeah. >> i've heard another argument. a lot of people say, or at least people i've talked to, if they can't do it by the date, they can
to be approved congress. >>> president obama is spending christmas with some of the nation's bravest men and women. greeting marines at a gays near their vacation home in hawaii paying tribute to them and their family. an annual vacation tradition for president obama. that is your 5@5:00. >>> speaking of the president. fox news confirming he will be cutting his vacation short to get back to work on the fiscal cliff. peter doocy has more. >> president obama will departed hawaii for washington, d.c. late tonight leaving his wife michelle and daughters sasha and malia behind. the latest guidance we have from white house is that the president will be back here in the nation's capital where it is presently 36 degrees sometime tomorrow morning. united states government is set to go off the fiscal cliff on new year's day. at this point we don't know if the president plans to return at the to hawaii if the tax hikes are avoided well in advance of the of the new year. he's there to talk to himself. john boehner will come back at any time. his office told us it would be sometime after christmas. s
think the expectation at this point is that with congress returning, president obama is likely to go back to washington to oversee things as they move. or as the fiscal cliff comes nearer and the u.s. goes over it. >> can we expect any other lawmakers to step up to the plate and kick start negotiations? what about senate minority leader mitch mcconnell? >> well, the thing at this point and i'm told by sources is that there are no negotiations going on between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid in hawaii for the funeral of daniel inouye and is now back to washington. it would come down to the senate doing something. senator mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax hikes, being at the $250,000 level, he may allow democrats to say, the house has to take this, or if there is some sort of vote on another measure, while mitch mcconnell would be unlikely to support it, perhaps he might let some of his republican senators do that, now, this is sort of thinking, coming f
. it forces members of congress and president obama to spend the last few days of 2012 on the job. we want to bring in cnn chief white house correspondent, jessica yelen, we all know they would rather celebrate new year's eve elsewhere. how did they get here? >> reporter: it is such a good question, you know, candy, this grid lock in washington creates the eye-rolling. but the fundamental question goes to the essential differences between the two parties about the role of government, should it be bigger or smaller? about whether we want lower taxes or more of a social safety net. so while we have seen the principles, the president, speaker boehner, and now senator mcconnell and reid trying to get involved in stages in the last few weeks, it has always broken down because they fundamentally disagree about the big ideas over the core of this debate. they're fighting between the two parties. and this could get resolved in a matter of days or weeks. but the big difference, the issues could really take months to work out. >> can it be resolved in the matter of few enough days that they meet tha
from going over the so-called fiscal cliff. they say if president obama and congress don't make a deal we will almost certainly see a recession. do you buy that, steven? >> the congressional budget office is a nonpartisan group that does this and says we will in fact have an immediate rescission. they say that we come out of a short, sharp recession stronger than we would be if we didn't go into that recession in the first place. we stop borrowing money from the future to prop us up now. we have the immediate problems but in the long term we are in gets shape. that's what they are grappling this. how do they best structure this to do the least amount of damage now but get us to the good economy in the future. >> reporter: if you look up a research paper from the president's own economist you'll find in the long run we are healthier, short run, yeah, it's painful. is that what motivates some of the republicans that, you know, what are called chuckle heads, but maybe in the end they are wisdom heads. >> that is certainly part of the motivation there. the other part of the motivation, and
essentially rewrite legislation. changing the tax congress passed to declare obama care constitutional which is a littleec scary that the highest justice is -- justices in the land would take the activist roll. that's what is scary. the backdrop of the presidential year was europe. we know where this path leads. all this turmoil, the huge welfare and the low productivity and high unemployment that comes along with them, that was the backdrop of the presidential campaign. voters voted, and they said, yes, we are going to keep moving in that direction, kim. where do you think the electorat is here? is it be ibd hue the choices that -- is it behind the choices that jason suggested they might be? >> barack obamaus won this election by very effectively making this a referendum about his opponent, mitt romney. if you went out and asked most americans, do you think barack obama did a great job in his first term? do you want significantly higher taxes? do you want the government to do nothing about spending? are you happy with obama care? most would say no. but in the end the choice was between a pr
obama and congress, along with cappuccinos and lattes. wolf blitzer's off today. i'm joe johns. you're in "the situation room." >>> on this day after christmas, extreme weather is making travel slow, difficult, and dangerous for millions of americans. severe storms are moving toward the east coast right now, packing snow and threatening tornadoes. the kind of blizzard conditions that hit the midwest are moving into new england. the region could get more than a foot of snow tonight and tomorrow. in the south, a storm that unleashed tornadoes is heading into the carolinas and northern florida. at least three deaths are being blamed on the severe weather. cnn's holly firfer is at the busiest airport in atlanta. >> reporter: it's a tough day to travel. as that storm heads through the northeast, it's making it hard to travel by road and in the air. >> reporter: snow, ice, and high winds. >> we want to get out. >> it's always scary when you're flying, that you're going to be stuck in the airport. >> reporter: a massive storm that left many in the midwest and parts of the south with a whit
will have everybody yunited against the white house and congress but i believe that obama still has an upper hand here because he has shown in a sense -- i mean, one, he's more ability to help forge a deal. the republicans can't make up for the loss they have had in public perception over this tax and spending issue. it's too hard, too far to go. too much resistance from within their own ranks. >> talking about plan "b" and being the epic failure of not being sent to the floor for votes, does that take in to question whether or not john boehner could get anything done if over in the senate mitch mcconnell and harry reid craft something? >> no. it does raise the question. that was a blunder by republicans and boehner and obama were moving closer and boehner went and gambled and lost and now the pressure's on the senate. i think anyone that could pass the senate probably could pass the house because if it passes the senate, it's 10 to 20 republican senators. mitch mcconnell, up for re-election. will he craft a deal with harry reid? that's dicey. whatever bill is passed, may not be that popular
. i like the way he looked at obama care and handed it off to congress and the stimulus bill that he handed off to congress. this is the one person doesn't have to bowe to the god of reelection. everybody else is subject to the things you have already talked about, their home. what would lbj have done, blake? not this. >> i would just be frank with you. i think it's an odd gamut. because look, as i just said i'm skeptical about the ability of these two senate leaders to hammer out a deal that would satisfy both of their very competing, completely opposing imperatives and the next step the president said if you guys don't get a deal i'll ask harry reid to put a bill on the floor and we both know in order for that to happen mitch mcconnell will gra have to agree not to filibuster that and the president is daring mitch mcconnell not to engage in a filibuster and it would seem so embarrassing to the public that mcconnell was filibustering a deal for middle-class tax reform. i think that's a risky gamble. i guess the way he, the president, is thinking of it is either he gets that bill on
. america's seniors are on the verge of losing access to health care. how? if congress and president obama don't act by january 1, tomorrow, medicare payments to physicians will be reduced, will be cut by nearly 27%. you see, mr. speaker, the fiscal cliff is more than just the tax increases that president obama so dearly wants. the effect of the s.g.r. formula means that physicians who treat medicare patients will be forced to limit the number of seniors that they see, fewer patients being seen, doctors forced not to see patients because of foolish washington policy. this jeopardizes health care for millions of folks. the sustainable growth rate, the formula used by medicare to determine physician reimbursement, needs to be repealed. it doesn't work for patients and it doesn't work for doctors. and it's destructive to the very principles that we hold dear about health care. it violates accessibility. it violates quality, and it limits choices, it harms real people. now, there are positive solutions that we're working on so we may responseably reform this broken system, but while we work to
, but that's not stopping president obama from giving every member of congress a pay raise from as much as $6,000. joining us now is peter swietzer a research fellow at stanford university, hoover institution. good to see you, peter. >> hey, it's great to be out with me, thanks for having me. >> dave: is this a bit hypocritical talking about raising taxes for all americans if they don't get a deal done, yet, how do you go ahead and give congress a raise? >> that's a great question. you know, it beats me. there's been a pay freeze in effect since 2010 and obviously, they've done such a fantastic job between then and now that they deserve this pay increase, right? it makes no sense, it makes no sense in terms of the merits and the performance in washington has been terrible and it makes no sense in terms of the politics and the atmospherics, they're getting a pay raise before they fix the fiscal cliff? who gets a pay raise before they get the job done? it's a ridiculous notion and shows me how out of touch washington d.c. is with the rest of the country. >> dave: it's certainly not about merit.
. >> with congress coming back, the president will also reportedly cut short his holiday vacation in hawaii. democrats hope mr. obama will continue to fight for a complete agreement, not just a temporary patch. >> i definitely hope that he can and will continue to push for as big a deal as possible, but you've got to remember now, we're just a few days away. >> if no deal is reached over 2 million americans will lose their jobless benefits and workers will see a 2% cut in take home pay as social security payroll taxes go up january 1st. jennifer johnson, nbc news, washington. >> well, around this time of year, there is a big surprise that happens on the rockefeller center ice skating rink outside our news world headquarters. it happens about half a dozen times a day every day. erica hill has the story. >> right outside our doors at rockefeller center, home to the christmas tree, we often hear an plows this time of year. and when we do, we know it means something special is happening. >> yeah. >> the reason for those snoemts people like summit choong flew 4,000 miles from the netherlands jus
congress in history? >> the public is implicated in this. 2008 the public elected president obama, democratic house, democratic senate. 2010, a large number of people in the public changed their minds they got angry at us over health care, which was misunderstood, angry at us because we inherited a section that we weren't able to defeat because of their obstruction. in 010 -- in most democracies that would be it. we have a constitution under which it's called the staggered powers, checks and balances, the last three elections are there. the problem is in 2008 you had one group of people elected, in 2010, another. there wasn't simply the people in 2010 were conservative. very substantial number of the people elected as republicans in 2010 do not believe in governance. they do not understand there are things we need for the quality of life we have to come together. this isn't bob dole. this isn't howard baker. this isn't ronald reagan. these are people that are quite extreme. what's happened is that many republican whose believe in compromise and trying work things out some defeated
president obama supports a ban on assault weapons proposed by california democratic senator dianne feinstein. getting it through congress quickly is highly unlikely, but the mere mention of a ban is enough to send sales soaring. and it's not just guns. brownell's, the world's largest firearm supplier, said it morently sold more than three- and-a-half years worth of a.r.- ag magazines in three days. even before newtown, sales of guns and ammunition this year were surging. chb.i. background checks of intential gun buyers were up 31% 20 november 2012 over 2011. in a report issued prior to newtown, the market research rack ibis world, which tracks the gun industry, found gun venthusiasts are working dermselves into a frenzy over what another four years under the obama administration may hold for gun laws." an instructor at nova firearms re falls church, virginia, where hey nearly sold out of a.r.-15s and high-capacity magazines after newtown. so, ironically, this shooting is a.spiring more people to buy this gun, the a.r.-15, and these mgh-round magazines. >> if i could, i would give ynator fein
, obviously because it's looming. because it effects just about every american in our country. president obama cutting short his christmas vacation today to continue trying to hash out a deal with congress. they have until next week to get it done before people will start to feel the pain in their paychecks. that's all of us. molly henneberg with the news now live from washington. molly? >> harris, as you were saying taxes are going up for almost everyone immediately if we go over the fiscal cliff. it likely will take a toll on already stretched family bench. take a look at the numbers from the tax policy center. for those whose taxes do go up this is the average tax hit family also take on top of what they already pay in taxes. below 10,000 they will pay an average of about $300 more. look down the chart a bit. those who make between 40 and 50,000 they will have to pay an extra $1,700 more. looking at the next set of numbers for wage earners, 50 to 75,000. they will have to find an extra $2,300 to send to washington. and if you managed to make over $200,000, if you go over that income mark, i
in motion. >>> let me finish tonight with this. i have high hopes for president obama's second term. i have low hopes for the republican opposition in congress. i have rising hopes for the old reasonable republican party out there in real world, the party that resides in the eastern big states and actually deals with the real work of being big state governor, for example. so here we go. we've got to do something about guns, especially keeping guns from dangerous people. we
to an agreement with president obama. that we're talking about a short fix relative to a new congress dealing with the complexity and a comprehensive package of long-term, of fiscal policy in this country. that's what many of us have asked for, that everything has been to be on the table. that it has to be an honest and open discussion. >> you just said that everything should be on the table. the president has made this clear. he said that everyone needs to give a little bit to reach the grand bargain. and a new gallup poll says that 68% of americans want congress, that's you, to compromise. to come up with a solution. only 22% say stick to your principles. now, you spoke out against the president's first off, saying it looked like he was offering a cut to social security, but if his next offer looks the same and that's the only way to come together, would you support it? >> honestly, the support and many of us, including myself, are disappointed that cutting social security benefits was part of the grand bargain. it became kind of like a symbolic issue, the republican in the house needed to
and so tone deaf that he actually helps the cause of us passing sensible gun legislation in the congress. look, he blames everything but guns, movies, the media, president obama, gun-free school zones, you name it, the video games, he blames them. now, trying to prevent shootings in schools without talking about guns is like trying to prevent lung cancer without talking about cigarettes. he is so adamant that i believe gun owners turn against him as well. look, he says the only way to stop a bad guy with a gun is a good guy with a gun. what about trying to stop the bad guy from getting the gun in the first place. that's common sense, most americans agree with it and i just think he's turning people off. that's not where america is at and he's actually helping us. >> senator graham, there are nra supporters, colleagues in the senate who are saying, look, let's not just make this a conversation about kbguns, it's got to be a broader conversation but i heard wayne lapierre say, no, he will not sign on to any new gun legislation. do you believe him? >> i don't think there's anybody in the co
does show that president obama is in the mid-50s when it comes to his polling ratings on how he's handling the fiscal cliff. republicans in congress are in the mid-20s. >> that's right, there's no question about that, tremont. obama has done a much better job of positioning himself to take advantage of the fiscal cliff. he has painted republicans is only caring about their millionaire and billionaire friends. taking hostage the people of america. you have steny hoyer saying that republicans want to take children hostage and threatened to shoot them. this is vilifying republicans and it has been incredibly effective. in the short term, absolutely, the president is set to take advantage of this. tax increases, massive tax reductions to the military. republicans really stand and the notion is appalling about who wins, but the republicans win because the economy is going to go out yet another fiscal cliff. george w. bush is not the president. obama is the president, he is not putting forth proposals to work with republicans. he will have to take ownership of this. they need to come
school students return to classes. and on friday congress meets in joint session to confirm barack obama as the official winner of the presidential election. and still on the subject of washington, here's norah o'donnell who will be filling in for bob scheiffer this morning on "face the nation." good morning, norah. >> will there be massive tax increases and steep spending cuts in 2013? we'll talk about the fiscal cliff to senator dick durbin and senator tom coburn on face the nation. >> osgood: next week here on sunday morning, a conversation with general stanley mcchrystal. and we catch up with actress laura durn. my doctor diagnosed it as fibromyalgia, thought to be the result of overactive nerves that cause chronic widespread pain. lyrica is believed to calm these nerves. i learned lyrica can provide significant relief from fibromyalgia pain. and for some people, it can work in as early as the first week of treatment. so now i can do more of the things that i enjoy. lyrica is not for everyone. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell your doct
with actions to defend them with challenges with republicans in congress and at times, the obama white house. we know one reason the non-white vote was on the rise, it's not just birthrate. the reason is not because the black population is increasing, but because the black turnout rate is increasing. latino and asian voters rate was lower than their share, black voters make up 12% of the eligible electorate and 13% of the actual turn out in november. they use republicans to suppress the vote to energize black voters. want to find out what my guests know now that they didn't? >> the black voting. >> proof we don't coordinate before the show. >> about that, i'll add that it didn't begin with 2008. it began in 2000, the black turnout rate jumped up. it's been increasing since then. there's a real question about whether it's obama driven or whether black voters turn out more indefinitely. >> what we now know is the tea party is going to get blamed no matter what. this cycle, back in 2010, the republican party wanted to take credit. they didn't do any of it. it was us that had the momentum. washi
to leave for obama to have a hastily called friday evening press conference saying, you know what, congress, you have ten days, you go work it out. it's doable. >> it's been an interesting year. of course, we started off so well, in terms of expectations for economic growth. we had an election this year, too. i think that's another thing that is sort of the key. we hit europe again as we had the last two years previously. but this last quarter, i think there's been a lot more optimism, even with the fiscal cliff sitting there, as sort of this potential, real roadblock at the end of the year. perhaps even too much optimism some would say. when you speak to ceos, there's still a lack of confidence, i would argue on the part of many of them, that you would like to see more of. perhaps a reflection of their concerns about the fiscal crisis that may weigh on our tax spending policies. >> we'll start over the next week or so talking about performers for the year. top s&p performer is pulty, which says how people are viewing how people will view what's driving the economy in the coming year. bank
. that could happen when the senate convenes a rare sunday session of congress. looking to dominate his side of the story while leaders wrangle on the details, president obama made his first sunday show appearance in three years, sitting down with nbc's david gregory this morning to talk about the fiscal cliff. >> i'm arguing for maintaining tax cuts for 98% of americans. i don't think anybody would consider that some liberal left wing agenda. that used to be considered a republican mainstream agenda. >> joining me senator olympia sn snowe of maine. let me start with that. it does seem sort of counter intuitive to have republicans wanting to fight for tax hikes for no one and in that fight, being willing to allow tax hikes for everyone? >> you know, i would agree with that. obviously it is important to make sure that middle income america does not confront a tax increase at the beginning of next year, which is less than two days away. that is critical. the second part is, of course, is trying to address the spending cuts that are going to be crucial next year as well. more for the long-term
the holidays. kristen, good morning. >> reporter: natalie, good morning to you. president obama begins day three of his hawaiian holiday. white house officials say this is a working vacation, but talks on the fiscal cliff remain largely deadlocked. meanwhile, members of congress came to honolulu on sunday to along with the president say good-bye to one of their own. with the fiscal cliff deadline looming, lawmakers and president obama attended a memorial service in honolulu on sunday for the late senator daniel inoyue. >> he was really a legislative hero who would never hesitated to collaborate with a republican colleague for the good of the country. >> reporter: there was little sign of collaboration on the morning talk shows. >> my one bit of advice to speaker boehner is this. you cannot pass a bill with just republicans. >> the president has been a pathetic fiscal leader. >> both sides blaming each other for the impact. >> i think the president is eager to go over the cliff for political purposes. i think he sees a political victory the on the bottom of the cliff. >> on taxes it's hard
. but president obama is cutting short his christmas vacation. he is leaving hawaii tonight, so that he can be back in washington when congress reconvenes tomorrow. and they can try once again to negotiate a deal to avoid the fiscal cliff by the end of the year. just about every american family will see their taxes increase on january 1 unless a deal is reached. but lawmakers are expressing very little optimism so far. meantime, the president spent christmas in hawaii, visiting a local marine base, thanking more than 100 troops and their families for their service. >>> and this morning, the taliban is claiming responsibility for a suicide bombing at a major u.s. base in eastern afghanistan. three afghans, including a guard at camp chatman were killed in today's explosion. >>> and back here at home, former major league baseball player andruw jones is free on bond this morning. he was arrested near atlanta early christmas morning on a battery charge, after police responded to a call about a domestic dispute with his wife. >>> and netflix, they are apologizing for a christmas outage in its vid
about president obama in this crisis, i think, is that he walked in as a winner. he just won an election. he had everything going for him, much higher popularity ratings than the congress itself has. the republicans were humiliated. they had no leverage. so you get those republicans in. you get nancy pelosi in. and you shake it up. you give the republicans something so that they can save face pup make them raise taxes. at the end of the day, nobody's happy. but stability occurs. and the thing goes forward. i am continually surprised by president obama that he lets it become these dreadful enervating dramas. >> could i just say that when ronald reagan was president and everything peggy just said is absolutely true-- >> i'm so glad. ( laughter ). >> when ronald reagan was president, grover norquist was in diapers and rush limbaugh was a disk jockey, i think, in st. louis. you have had a hermetically sealed culture grow up on the right in this country that as we saw during the last election, is removed from reality and is extreme in the most egregious way. >> and you don't have to go all
. thank you all for joining us. todd, we're talking about congress. this is a big moment for congress, obviously. but give us the perspective from the president's point of view. how important a moment right now is this going to be a test for president obama. >> i think it's a very big moment and sets the term for a second term. he thinks i has the public behind him and campaigned on these issues and won. the problem is, individual members of the house who outpolled him in their districts don't share that view so i think the stakes are very high for him and he has got to deliver something too and he knows it and that's why he's back here and maybe something will happen in the next 24 hours. >> you've seen the polls, governor pawlenty, by a large margin people right now are blaming republicans for this mess and made it clear if we go over the fiscal cliff, it's going to be republicans that will pay the price. >> well, the polls, of course, are a reflection of a moment if time but, you know, i had some of these issues in minnesota. i had the first government shut down in the history of m
because the senate is going to be reconvening on thursday. anything that gets through congress would need to pass the senate and house with both democratic and republican support. we're also expecting that president obama will likely return to washington, d.c. at this point it seems more a matter of when and not really matter of if. and then right now the plan that the white house is trying to push forward is to deal with the tax hikes for those earning $250,000 or less. it appears those spending cuts that are the other part of the fiscal cliff will likely set in. and then what happens there will maybe be something that democrats and republicans try to deal with in the coming weeks, in the coming months. that means even come say the end of the year here or if we go over the cliff and there's some quick resolution, it's not for everything and we'll be dealing with a lot of these problems for some time, carol. >> what's the president doing in hawaii? >> reporter: the president has been getting in some r and r. he arrived saturday morning. he played golf with some of his buddies. he wept out
with our colleagues and the congress and the white house on a plan that forgets families and businesses. >> we don't know if president obama will make it back to hawaii to finish his family vacation. we're told it all depends how negotiations go. back to you. >> gretchen: peter doocy live in d.c thanks very much. >> rick: are you ready for your taxes to go up? we've been talking about the fiscal cliff and we know that potential huge tax increase for us. even if they come up with a way, your taxes are going up. >> clayton: because of obamacare and the spending we're about to put forth for that is going to go into effect in 2013. we went through this. we'll start at the top because a 3.8% surtax on investment income will take place. 3.8% on individuals for $200,000 or married couples with a $250,000 a year income. >> gretchen: also a cap on the flexible and spending accounts that maybe you have become accustomed to. remember those are tax free dollars you can take out of your paychecks ahead of time to pay for medical expenses and even in some cases, daycare. there is going to be changes
. same congress, same senate same president. so should we expect change? i'm not that sure. >> therefore the re-election of president obama was a good thing or bad thing you think? >> well, i don't ever get into politics as you know, charlie. i've always said i'm not right wing or left wing, i'm for the whole bird. >> evidently, god wanted president obama, he had a purpose for him, to be re-elected. do i follow that? what's the disconnect between those thoughts? god has a purpose -- >> we don't know god's purpose in a lot of events. i mean, i was at the notre dame/usc game on saturday night. people were praying for both sides to win. i don't think god has an opinion. >> god didn't care? >> god didn't have an opinion in that. >> but god does have an opinion in your life -- >> god's more interested in your character than your career. you're not taking your career to heaven. you are taking your character. so really what you do is not nearly as important as who you've become. and i would say god is extremely interested in who barack obama's becoming or who mitt romney's beco
't think it will go into february. i really don't. i think it will be the new congress, you know, coming in with all kind of bluster. this is the first thing they want to go done. ambition from the new congress. there's really not a whole lot -- i believe president obama thinks he can blame the republicans and history will be kind to him if he does. i don't know about a recession. i think we get about a 12-month deal. but there's still a lot of headwinds. that longshoreman's strike knot a small !mnw34>> welcome back pop "squawk box." dow looks like it would open down. it's gotten worse this morning. up about 67 points. s&p would be off over 6 points. the fass dak would be off over 14 points. >> and we weren't in the -- that down a few minutes ago. >> right. >> what did bob iaccino say? >> it might not have been him. >> is ed doing it? who is doing it? >> anybody who had any real money to trade would have traded it before the holidays. very, very thin markets right now. >> and i don't know if we're going to have a chance to talk about your -- >> yeah, we will have a chance t
actions? it's our responsibility in congress to hold the entire executive branch accountable. if we do not ask these questions, we're simply not doing our job. and that's true whether it's president obama or president bush or some other president. i hope we can adopt the wyden amendment to improve the reporting requirements of the fisa act. i urge my colleagues to support this commonsense amendment. with that, i yield the floor. the presiding officer: the senator from indiana. mr. coats: i ask unanimous consent the senate proceed to the immediate consideration of h.r. 1, for the purpose of calling up and debating the coats amendment. that following the remarks of senator coats, senator alexander be recognized, that the senate resume consideration of the fisa bill h.r. 5949 after that and all that provisions -- and that all provisions of the previous orders remain in effect. the presiding officer: is there objection? without objection. the clerk will report. mr. coats: i'd like to call -- the presiding officer: the clerk will report. the clerk: h.r. 1, an act making appropriations for t
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